The technical situation on eurodolarze has not changed much from yesterday's session. Demand side all the time trying to correct previous declines, but from what we see upward movements are limited. The demand side was able to lead to the abolition of the 38.2% fibo recent decline from 1.1427 - 1.0909. Wednesday's breakout above 1.1111 may suggest that the...
Fundamental analysis is not conducive at the moment increases (Brexit, independence of Scotland), but we can not rule them out. On the markets, the situation begins to stabilize and demand side is trying to take the initiative. At the moment the currency pair is oscillating in the zone of resistance 1,1058-80, which correspond to minima of 14 and 15 March....
At the moment the currency pair is moving around the level of 1.1022, which is around 23.6% fibo abolition of inheritance from 1.1427 - 1.0909. Given the recent dramatic declines and no new minimum (during the Monday session), we can assume that the demand side begins to catch his breath. It may suggest the development of local correction toward resistance...
Baseline scenario remains variant downward. In this case, the supply should lead to decreases in the direction of 1,1058-80 and 1.1015. Further support will be Friday's low of 1.0909 or even 1,0810-1,0825.
Moving on to the analysis of the Eurodollar, we can assume that today's growth should continue in the coming hours. At 23:05 we met YouGov poll, which points to win supporters to remain in the EU (52% -48%). In my opinion, a wave of optimism and runoff further positive information, we should see increases in the resistance level at 1,1495-1,1530 (the upper limit...
The technical situation on the Eurodollar market remained virtually unchanged, despite the volatility we have seen in recent days. Currency pair moves continuously in the vicinity of a strong zone 1,1300-30, which I think is crucial for further direction. Looking more broadly at the eurodollar market, we can see that the traffic growth, which was launched in...
Gbpusd Possible Time and Price Reversal Zone
Fundamentals at the moment, supports the single currency, but keep in mind that the next polls can change the image on the Eurodollar market. From a technical point of view, the currency pair hovers just above the level of 1.1295, which last week was a strong resistance. If the demand side thoughts on further increases, the level should be defended. In this...
Short off a trendline bounce that confirmed a weekly/daily supply zone confluence, T2 now at the bottom of the weekly range.
60min Supply Zone confirmation of the Daily S Zone area. Flip flop of S/R happening in this general area as well.
AUDUSD Price approaching strong zone 0.748-0.752, Watch out for bearish evidence and a potential move to the downside from this major zone. Beware of the Brexit, british Referendum (on EU exit) is scheduled later this week (23rd-24th June) and regardless of the outcome, you should be prepared for dramatic reaction in all markets. Happy Trading Price Action...
A currency pair is currently just below the important resistance zone of 1,1295-1,1330 can be seen especially on the daily chart. On the impact of the Eurodollar they will certainly have another opinion polls, but from a technical point of view, to overcome the resistance to open the way towards the last peak at 1.1416. Bearing in mind the pressures associated...
DRE has been in the news as a strong performer in the recent months, and has outperformed the S&P on a larger time frame. Zooming in, we can see a small HNS on the 15min, that should bring us to test the red longer time frame trendline. This is a great spot for a long again around 24.55 to see if we continue to the upside, however, if this breaks, shorting down...
touchdown at 96,xx Area. For any questions, please leave a message or a comment below. thx.
The situation on the eurodolarze changes as the proverbial kaleidoscope. Despite the break on Tuesday Zone support levels and reached a low of 1.1189, falls on the main currency pair not continued. On Wednesday we witnessed the execution of the alternative scenario, which assumed a return to the vicinity 1,1300-30 level. The demand side has received support in the...
Second try for a long ... if it breaks down we prepare for a short after pullback in the zone ( support becomes ressistance)
The currency pair has corrected some recent declines (1,1417-1,1235) and reached the level of 1.1303. Strong resistance remains the 1.1330 level (minima of 6 June). If the demand side will lead to a break in / at resistance will be open way toward 1.1376 and 1.1417. The signal for a stronger upward movement may be weaker data from the US. Otherwise, the supply...